Indiabulls Housing Finance is planning to raise Rs 625 crore through issuance of non-convertible redeemable debentures.
“The company proposes to issue 6,250 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating Rs 625 crore (plus greenshoe option) on a private placement basis,” the company said in a BSE filing today.
The issue will open on June 30 and close on the same day.
The non-convertible redeemable debentures will have a coupon rate of 9 per cent and are proposed to be listed on the NSE and BSE.
Last week, the company had said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.
The scrip was trading 0.19 per cent lower at Rs 657.60 on the BSE.